NACS Announces Asian Convenience Retailer Leader of the Year

Richard Yeung of Circle K Convenience Stores accepted the coveted international award.
March 19, 2018

HONG KONG – CEO of Circle K Convenience Stores (HK) Ltd Richard Yeung has won the second annual NACS Asian Convenience Retail Leader of the Year award. The award recognizes and honors the contribution of the most successful and influential convenience industry leader of 2018 in the Asian region.

The 2018 NACS Asian Convenience Retail Leader Award was presented before an international audience of leading convenience retailers and suppliers at the NACS Convenience Summit Asia on March 14 in Hong Kong. Yeung joins 2017 winner Tomoyasu “Tommy” Marutani, president of Secoma, in esteemed company. And for the second year, the award has been generously endowed by PepsiCo.

Yeung has been instrumental in the development of the Circle K brand in Hong Kong and is seen as a leader and visionary in the Asian convenience retail market. Respected by convenience retailing executives worldwide, Yeung has spent more than 20 years at Circle K in general management, food distribution and supply chain management.

Henry Armour, NACS president and CEO, said of Yeung: “His visionary outlook and modest, down to earth demeanor make Richard Yeung a clear leader in the industry. Amid challenges from e-commerce, Yeung has led the company’s growth, bold transformation and innovative marketing platforms in the Asian region.”

Yeung joined Circle K in 1998 and currently serves as the CEO responsible for overseeing the Group’s operations, marketing, logistics and supply chain management, and is actively involved in new business development on the Chinese mainland. Prior to joining Circle K, Yeung spent 10 years in senior positions at HAVI Food Services Group, managing the supply chain of McDonald's Restaurants in various countries in Asia.

He graduated from the University of Hawaii with a bachelor’s degree in business administration. Yeung also holds an MBA from the California State University of Los Angeles and is a certified public accountant of the American Institute of Certified Public Accountants. He is also a director of Fung Retailing Limited, a substantial shareholder of the company.

The 2018 NACS Convenience Summit Asia was held in the vibrant city of Hong Kong. Attendees experienced a robust conference agenda of inspiring speakers and case studies, thought-provoking discussions on topics such as business and technology disruption from Amazon, Alibaba, Alipay, Tencent and TenPay, as well as interactive store tours. For more information visit